Panasonic eyes doubling of airline Wi-Fi installation to meet demand

By Victoria Bryan HAMBURG (Reuters) – Panasonic Avionics says it will need to double the rate at which it installs Wi-Fi systems on aircraft to catch up with skyrocketing demand from airlines to keep passengers connected above the clouds. Airlines are rushing to install Wi-Fi on board, seeing not only an opportunity to meet demands from customers to be always connected, but also to make the most of advertising contracts from companies keen on access to this captive audience. Panasonic Avionics, part of Panasonic Corp, says it has won a 46 percent share of business for Wi-Fi systems since 2009, taking the lead over rivals such as OnAir, Gogo and Global Eagle's Row44

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Indonesia’s Lippo continues e-commerce push with payment service

By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) – Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world’s fourth-most populous country, a senior executive told Reuters.

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Taiwan orders Alibaba withdrawal after rules violation: official

By J.R. Wu TAIPEI (Reuters) – Taiwan has ordered Alibaba Group Holding Ltd to withdraw from the country within six months because the online retailer had violated investment rules required for a Chinese company, an economics ministry official said on Monday.

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Spotify expresses interest to raise $500 million: WSJ

(Reuters) – Online music streaming service Spotify is working with Goldman Sachs for a new round of private fundraising which could potentially put off the initial public offering for another year, the Wall Street Journal reported, citing people familiar with the matter. Spotify is talking with investors who are known to buy into companies before a IPO, including mutual fund T. Rowe Price Group, the report said, citing people familiar with the matter.

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